CORRECTION FROM SOURCE: Minister Fantino Announces $950,000 Investment for Vaughan's MiMi Food Products Inc.

VAUGHAN, ONTARIO--(Marketwired - July 31, 2015) - Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

This document corrects and replaces the press release entitled "Minister Fantino Announces $905,000 Investment for Vaughan's MiMi Food Products Inc." that was sent today at 9:41 a.m. EDT. The complete and corrected version follows.

Today, the Honourable Julian Fantino, Associate Minister of National Defence and Member of Parliament for Vaughan, on behalf of the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario, announced that MiMi Food Products Inc. will receive an investment of up to $950,000 to boost production capabilities at its Vaughan facility.

MiMi Food Products Inc. produces high-quality products, such as frozen pizza dough balls, pizza crusts, focaccia and flatbreads for the Food Service and Grocery Industries. This investment will allow them to acquire the necessary equipment to produce their food products with greater efficiency and at a larger scale and capacity.

This project will allow the company to meet the needs of a growing niche market for high-quality, artisan dough products. This funding will also allow the company to expand its line of products for the food service industry. These efforts will ultimately help to strengthen the company's competitiveness and its presence in Canada and United States markets.

The repayable contribution is through FedDev Ontario's Investing in Business Growth and Productivity initiative, which is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.

Quick Facts

• MiMi Food Products Inc., established in 2001, is owned and operated by Mike Primucci, who has over 30 years of experience in the food production industry.
• In 2012, MiMi Foods Products Inc. won the 2012 Canadian Grocery Grand Prix Award for Innovation, for its Focaccia products and the Fresh Food Vendor of the year award, from Metro Inc.
• MiMi Foods' products are sold at Metro, Sobey's Longo's and other smaller retailers in Ontario.
• The expansion efforts under this project will allow MiMi Foods to extend its market reach in the United States and across Canada.
• This project is expected to create up to 18 full-time, skilled food processing jobs by 2018. It will leverage $1 million through private sector investments.
• Ontario has the largest food and beverage processing industry in Canada and accounted for 14.7 percent of manufacturing jobs in 2013.
• Since 2009, the Harper Government, through FedDev Ontario, has committed almost $350 million to an expected 2,100 direct and indirect manufacturing projects. These investments are expected to generate an additional $215 million in leveraged funding for these projects.

Quotes

"Our Government is committed to supporting growth and increased job creation in southern Ontario's food and beverage industry. Today's announcement is great news for both MiMi Foods and Vaughan's economy, as this investment will allow another local company to expand and support more local jobs in our community."

- The Honourable Julian Fantino, Associate Minister of Defence and Member of Parliament for Vaughan

"This is exciting times for MiMi Foods and its industry partners. As the success of any one company hinges on many factors, today's announcement not only assists MiMi Foods in its growth strategy, but also celebrates the commitment of FedDev Ontario to assist SMEs (small-/medium-sized enterprises) in that growth."

- Mike Primucci, President MiMi Food Products Inc.

Associated Links

Investing in Business Growth and Productivity initiative

MiMi Food Products Inc.

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